LEYAL Ship Recycling Group (LEYAL Gemi Söküm) is the leading ship
recycling facility in Turkey. Established in early 1980s,
the Company has evolved to become the owner of the largest
ship dismantling facilities in the country. With approximately 6
hectares of land dedicated to its operations,
the company is capable of processing
well in excess of 100,000 lightweight tons per year.
LEYAL is fully licensed for its ship recycling operations by the relevant competent authorities in
Turkey, namely the Ministry of Environment, the Undersecretariat of Maritime Affairs, and the Ministry of
Labour and Social Security (in Turkey the three ministries jointly regulate the ship recycling industry).

The ship recycling facilities are located
near the city of Aliaga on Turkey's Aegean coast, approximately
60 Km North of the port of Izmir. The surrounding
area is a well-established industrial province (the largest in Turkey) also in close proximity to two major ports, LNG and oil
terminal, power generation plants, major refinery and petrochemical sites.
Aliaga is also home to a number of major steel mills (Turkey was the world's No. 9 steel producer in 2015) and also provides easy
access to a number of industrial facilities dealing with
downstream waste management, disposal and recover.

LEYAL has recycled a wide range of ships and offshore units, including but not limited
to FPSOs, FSOs, aircraft carriers, submarines, tankers, containerships and bulkers, with the largest vessels dismantled being in excess
of 40,000 lightweight tons. LEYAL is the oldest ship recycling company in Turkey, also being the first to have implemented the European
Waste Shipment Regulation for the recycling of ships into Turkey in the case of the German Navy destroyer 'Rommel'(2004). LEYAL is also a founding member and board member of the International Ship Recycling Association
(2007) and a member of the BIMCO subcommittee that drafted the standard ship recycling sales contact RECYCLECON (2012).

LEYAL is also proud to have recycled the highest profile vessels ever to arrive to Turkey for recycling
in the case of the Aframax converted FPSO for the account of a European oil major,
and more recently, in the case of the British
Navy flagship Aircraft Carriers 'HMS Invincible', 'HMS Ark Royal' and 'HMS Illustrious'. LEYAL is
also unique in Turkey to have been successfully vetted by US Oil Majors (Shell in 2016 and Chevron 2014) for the recycling of their seagoing fleet.

In 2006, LEYAL became the first ship recycling facility
in Turkey to be awarded ISO 9001, ISO 14001 and OHSAS 18001 certification by a leading British
assessment, verification and certification body accredited by both UKAS and ANSI-ASQ.

Ten years later, LEYAL became the first ship recycling facility
in Turkey to be Certified to the IMO Hong Kong Convention for the Safe and Environmentally Sound Recycling of Ships by Lloyd's Register, noting
that this was the first such certification issued by Lloyd's Register worldwide. [Press Release]

Subsequently, in December 2018, LEYAL became the first non-European ship recycling facility to be approved by the European Commission DG Environment and join the EU List of approved facilities under the new European Ship Recycling Regulation No. 1257/2013, entering into force on 31/12/2018. [Press Release] & [EU List]

Working with LEYAL also carries the stamp of approval of the International Ship Recycling Association (ISRA), a Dutch non-government organization
formed to promote safe and environmentally sound ship recycling around the world, especially in the absence of globally enforceable "green" standards for
ship recycling.

LEYAL's commitment to its workers and to the environment
is paramount, having an excellent record for worker
safety and environmental protection, and abiding to
the most strict national and international regulations.

LEYAL is your reliable partner for the safe and environmentally sound recycling of your obsolete seagoing vessels assisting you in emphasizing your
"green" CSR credentials.
In a rapidly changing environment, LEYAL's management was quick to recognize the difference between traditional ship breaking vs. ship recycling that contributes to Green Growth by offering a high standard
and cost effective operation in line with the new international "green" norms.